Booking Holdings Inc. $BKNG Shares Acquired by Wesbanco Bank Inc.

Key Points

• Wesbanco Bank Inc. increased its holdings in Booking Holdings Inc. by 280.0% in the second quarter, owning 532 shares valued at $3,080,000.
• Booking Holdings announced its quarterly earnings, reporting $55.40 earnings per share and revenue of $6.80 billion, exceeding expectations.
• The company has raised its quarterly dividend to $9.60 per share, set to be paid on September 30th, with an annual yield of 0.7%.

Wesbanco Bank Inc. lifted its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 280.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 532 shares of the business services provider's stock after buying an additional 392 shares during the period. Wesbanco Bank Inc.'s holdings in Booking were worth $3,080,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Kingswood Wealth Advisors LLC boosted its stake in shares of Booking by 27.3% during the first quarter. Kingswood Wealth Advisors LLC now owns 182 shares of the business services provider's stock worth $844,000 after buying an additional 39 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of Booking during the first quarter worth about $203,000. United Services Automobile Association acquired a new stake in shares of Booking during the first quarter worth about $3,592,000. Perigon Wealth Management LLC raised its holdings in Booking by 9.4% during the first quarter. Perigon Wealth Management LLC now owns 278 shares of the business services provider's stock worth $1,281,000 after purchasing an additional 24 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in Booking by 13.2% during the first quarter. GAMMA Investing LLC now owns 513 shares of the business services provider's stock worth $2,363,000 after purchasing an additional 60 shares in the last quarter. Institutional investors and hedge funds own 92.42% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on BKNG shares. Evercore ISI increased their price target on shares of Booking from $5,500.00 to $6,250.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Susquehanna increased their price target on shares of Booking from $6,000.00 to $6,500.00 and gave the stock a "positive" rating in a report on Friday, August 1st. DA Davidson increased their price target on shares of Booking from $5,750.00 to $6,500.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Bank of America increased their target price on shares of Booking from $5,820.00 to $5,850.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Finally, JPMorgan Chase & Co. increased their target price on shares of Booking from $5,360.00 to $6,000.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $5,808.81.

Booking Trading Down 0.7%

NASDAQ:BKNG opened at $5,458.32 on Monday. Booking Holdings Inc. has a 12-month low of $3,894.51 and a 12-month high of $5,839.41. The firm has a market cap of $176.90 billion, a price-to-earnings ratio of 37.96, a price-to-earnings-growth ratio of 1.57 and a beta of 1.39. The company's 50-day moving average is $5,594.00 and its two-hundred day moving average is $5,217.83.

Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The business services provider reported $55.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $50.32 by $5.08. The business had revenue of $6.80 billion for the quarter, compared to the consensus estimate of $6.54 billion. Booking had a net margin of 19.23% and a negative return on equity of 134.19%. The company's quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $41.90 earnings per share. Booking has set its Q3 2025 guidance at EPS. On average, equities research analysts forecast that Booking Holdings Inc. will post 209.92 earnings per share for the current fiscal year.

Booking Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be given a dividend of $9.60 per share. The ex-dividend date is Friday, September 5th. This represents a $38.40 annualized dividend and a yield of 0.7%. Booking's dividend payout ratio is 26.71%.

Insider Transactions at Booking

In related news, Director Larry Quinlan sold 64 shares of the business's stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $5,587.11, for a total value of $357,575.04. Following the completion of the sale, the director directly owned 195 shares in the company, valued at approximately $1,089,486.45. The trade was a 24.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Glenn D. Fogel sold 1,013 shares of the stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $5,476.89, for a total transaction of $5,548,089.57. Following the transaction, the chief executive officer directly owned 24,620 shares in the company, valued at approximately $134,841,031.80. This represents a 3.95% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,103 shares of company stock worth $17,443,735. 0.16% of the stock is owned by corporate insiders.

Booking Profile

Booking Holdings Inc, formerly The Priceline Group Inc, is a provider of travel and restaurant online reservation and related services. The Company, through its online travel companies (OTCs), connects consumers wishing to make travel reservations with providers of travel services across the world. It offers consumers an array of accommodation reservations (including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties) through its Booking.com, priceline.com and agoda.com brands.

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